Sri Lanka budget deficit narrows in first nine months: CB
Nov 29, 2016 (LBO) - Sri Lanka's budget deficit narrowed to 4.1 percent of GDP during the first nine months of the year helped by an increase in tax revenue, …
Economy & Markets
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Monetary Board holds interest rates unchanged
Nov 29, 2016 (LBO) - Sri Lanka's Monetary Board held interest rates unchanged after a monthly policy meeting with excessive credit growth beginning to slow and …
Asian markets mixed, December rate hike eyed
Nov 28, 2016 (LBO) - Japanese stocks traded weaker on Monday after seven straight sessions of gains, with Asian markets mixed, as the U.S. dollar pulled back …
Dollar steadies with bonds, oil anxious about OPEC
SYDNEY, Nov 29 (Reuters) - The U.S. dollar took a breather on Tuesday as global bonds steadied from their recent rout, while equities flatlined as political …
Opinion: Changing nature of work necessitates a universal basic income
By Frances Coppola We have a crisis of work. The secure, well-paid jobs of the past — many of them in manufacturing — are disappearing. What is replacing …
Sri Lankan rupee falls on importer dollar demand; stx flat
COLOMBO, Nov 28 (Reuters) - The Sri Lankan rupee edged down on Monday, hurt by demand for dollar from importers on fears that economic policies of U.S. …
Sri Lanka shares end little changed; turnover slumps
Nov 25, 2016 (Reuters) – Sri Lankan shares ended little changed on Friday, hovering near eight-month lows, while turnover slumped as investors kept to the …
Sri Lankan rupee edges down on importer dollar demand; stx up
COLOMBO, Nov 25 (Reuters) - The Sri Lankan rupee was trading weaker on Friday due to dollar demand from importers who fear the economic policies of U.S. …
Anthony Shanil Fernando appointed to the CSE Board
(PRESS RELEASE) - The Colombo Stock Exchange (CSE) announces the appointment of Mr. Anthony M. Shanil Fernando as a Director of the CSE Board. Mr. Fernando, …
Chartered accountants to adopt new code to combat crimes
Nov 25, 2016 (LBO) - The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has decided to adopt the “Responding to Non Compliance with Laws and …
Asian stocks pull ahead as dollar edges back, US yields resume climb
SINGAPORE, Nov 25 (Reuters) - Asian stocks advanced on Friday as the Thanksgiving break in the United States helped slow a relentless surge in the dollar that …
Sri Lanka must aim for sustainable, inclusive growth: Governor
Nov 25, 2016 (LBO) - Sri Lanka must aim for sustainable as well as inclusive growth, Central Bank Governor Indrajit Coomaraswamy said on Thursday, speaking to …
Sri Lanka to welcome first National Cooperative Policy framework
Nov 25, 2016 (LBO) - Sri Lanka is set to welcome its first National Cooperative Policy framework backed by the International Labour Organisation (ILO). There …
Sri Lankan rupee steady as exporter dollar sales offset importer demand
Nov 24, 2016 (Reuters) – The Sri Lankan rupee was steady on Thursday as dollar selling by exporters offset demand for the U.S. currency by importers who fear …
CSE to halt for one hour for disaster recovery test
Nov 24, 2016 (LBO) - The Colombo Stock Exchange (CSE) will be conducting a planned failover to the Disaster Recovery site during trading hours using Version 7 …
Dollar firms after upbeat U.S. data raises rate hike expectations
TOKYO, Nov 24 (Reuters) - The dollar firmed in Asian trading on Thursday after news of a pickup in U.S. economic growth early in the fourth quarter increased …
Sri Lankan rupee edges down on importer dollar demand; stocks up
Nov 23, 2016 (Reuters) – The Sri Lankan rupee fell slightly on Wednesday due to dollar demand from importers on fears that U.S. President-elect Donald …
Sri Lanka poised for a shopping spree, basic goods drive demand
Nov 23, 2016 (LBO) - Sri Lankans still demand basic products such as refrigerators and washing machines due to the country’s low penetration levels …
Sri Lanka balances investments across India, China and Japan: official
Nov 23, 2016 (LBO) - Sri Lanka is internationalizing key investments in infrastructure across three Asian nations India, China and Japan, a government official …
Asia stocks share some Wall St joy, US yields a burden
SYDNEY, Nov 23 (Reuters) - Asian stocks bounced to one-week highs on Wednesday as investors tried to share in the exuberance of Wall Street's record …